SINGING RIVER TRAIL (EIN 834697154) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

JARED MITCHEM

Phone

2564978024

Tax Period

2024-01-01 to 2024-12-31

LAUNCH 2035, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $429K in total revenue in fiscal year 2021. Revenue surged 161% from the prior year, signaling strong growth momentum. The organization ran a surplus of $196K, a strong 46% operating margin.

Mission

TO CONNECT THE REGION, CELEBRATE NATIVE AMERICAN HERITAGE, PROVIDE EDUCATIONAL OPPORTUNITIES, CONTRIBUTE TO ECONOMIC DEVELOPMENT, AND ENHANCE THE QUALITY OF LIFE FOR RESIDENTS AND VISITORS THROUGHOUT NORTH ALABAMA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,170,682

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,170,682

Expense Breakdown

Grants Paid $0

Salaries & Benefits $208,066

Fundraising Expenses $0

Program Expenses $1,034,077

Other Expenses $873,809

TOTAL EXPENSES $1,081,875

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,170,682	$802,581	+0.5%
Expenses	$1,081,875	$622,036	+0.7%
Net Income	$88,807	$180,545	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$81,159

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNA CLEM	INTERIM CEO	40.00	Officer	$81,159	$0	$81,159
JOHN KVACH	DIRECTOR	40.00		$63,462	$0	$63,462
JOHN ALLEN	VICE CHAIR	0.50	Director	$0	$0	$0
MITCH COLEY	BOARD MEMBER	0.50	Director	$0	$0	$0
DANIELLE GIBSON	BOARD MEMBER	0.50	Director	$0	$0	$0
JARED MITCHEM	CHAIR	0.50	Director	$0	$0	$0
ALLISON ROSS	SECRETARY	0.50	Director	$0	$0	$0
THEMIKA SIMS	BOARD MEMBER	0.50	Director	$0	$0	$0
RICK TUCKER	BOARD MEMBER	0.50	Director	$0	$0	$0
JOE YEARTA	TREASURER	0.50	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,170,682	$1,081,875	$532,201	$88,807
2023	$802,581	$622,036	$443,394	$180,545
2021	$428,850	$232,432	$292,012	$196,418

SINGING RIVER TRAIL